Windows Phone put a significant drag on Microsoft's fourth-quarter earnings, released Tuesday. Revenue for the troubled platform decreased by $552 million, or 68 percent. Both Lumia and non-Lumia phone revenue declined, which Microsoft attributes to lower volumes and lower-priced devices.
average payment period. Definition. APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360). Use this term in a sentence. â You should always know how long your average payment period will be so that you can be prepared when the time comes.
In fact, your minimum payment is a percentage of the balance due. Every credit card company varies, but on average a minimum payment is between 3 and 5 % of the balance due. Every time you make a minimum payment your balance due decreases. However, you need to take care when making minimum payments.